The Quick Loan Shop

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Company Information

  • Company Name:
    The Quick Loan Shop
  • Website Address:
  • FCA IP:
    650559
  • Business address:
    The Quick Loan Shop Ltd , 145-157 St. John Street, London, EC1V 4PW
  • Phone number:
    n/a

The Quick Loan Shop (Thequickloanshop.co.uk) is a UK based, completely online payday loan centre. This company specialises in getting UK residents the cash they need for automobile emergencies, bill payments, shopping sprees, vacations and the like. The company puts no stipulations on how the customer can spend the cash. The money belongs to the borrower until his or her next pay date.

APPLICATION REQUIREMENTS:

To qualify for a payday advance, the applicant must be 18 years of age with a verifiable job. An impeccable credit score is not necessary, because the lender does not check the applicant’s credit at all. Instead, it reviews the amount of income the applicant has along with other qualifying criteria. All applicants must have a valid bank account that has no derogatory transactions on record.

LOAN AMOUNT AND CHARGES:

A person who wishes to borrow cash from the Quick Loan Shop can receive an amount of £50-£500. The interest rate is low as opposed to other lenders. Additionally, the Quick Loan Shop displays a tool on the home page that lets the borrower know exactly how much money he or she will have to pay back. No surprises come about when dealing with this lender.

Quick Loan Shop uses its own lending resources. No third party finance companies or organisations interfere with the transactions. Therefore, business occurs solely between the lender and the borrower, and many UK residents trust this particular company.

PROCESS:

Applying for an advance through the Quick Loan Shop is easy. The applicant will simply select the amount of money that he or she would like to borrow with the tool on the front page. The person will be able to see the repayment amount immediately upon selecting a loan amount. If the person is still interested in taking a loan, he or she can hit the “apply” button. The application is short and the approval process is almost instant.

PAYMENT:

Clients who gain approval for payday loans will receive their funds the same day in most cases. Otherwise, they will receive the proceeds within 48 hours from the application date.

274 Reviews of The Quick Loan Shop have been submitted - read the latest 3 below

I have had a couple of payday loans before this one but I think this Quick Loan shop one is by far the best simply because it has such a straightforward application process that even I can use without messing up. And when I have used it I know the figure they quote is exactly the figure they'll be charging me with no other hidden fees added on later. I think for something as regular as payday loans the simpler the application process the better otherwise you'll be put off and try another lender. If you choose the Quick Loan shop you shouldn't be tempted to do that as it really couldn't be easier to apply for one of their loans unless you're an absolute technophobe.

Review posted by Nat Smith, Gravesend

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

When you go on the internet to look for a payday loan there are so many to choose from that if it's your first time you should really try and go by recommendation from someone that uses payday loans a lot. My brother does and he told me to try the Quick Loan Shop so that's what I have done for my very first payday loan. What I liked the most about using The Quick Loan Shop was their loan calculator which tells me exactly how much this loan is going to cost me. I'd heard people say that they took out loans and ended up paying loads more in extra fees but The Quick Loan shop promise you won't have that happen so I am really glad I took my brother's advice and went to them for this loan which I am not a bit worried about repaying.

Review posted by Ruby Adamson, Penge

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Not all payday loan companies consider me a suitable borrower and I've had loans refused because of my slightly tarnished credit rating. Luckily for me Quick Loan Shop are willing to overlook my less than perfect credit score and still give me a loan. I also like that once you've used the loan calculator you know exactly how much your loan is going to cost you and that doesn't change once you've agreed to the terms. I usually get my money the same day of applying but I wouldn't mind waiting a couple of days because I think the Quick Quid loans are worth waiting that extra bit of time for.

Review posted by Jake Leighton, Stratford

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money